State Bank of India
BPCL Octane
BPCL SBI Card Octane is one of the better fuel cards for regular BPCL users, offering up to 7.25% value back on fuel, 10X rewards on groceries, dining, movies and department stores, plus a ₹1,499 fee that can be waived at ₹2 lakh annual spend.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 29 May 2026.
At a Glance
Annual Fee
₹1,499
Joining Fee
₹1,499
Fee Waiver
Spend ₹2,00,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
0.25% – 7.25%
Our Take
BPCL SBI Card Octane is one of the better fuel cards for regular BPCL users, offering up to 7.25% value back on fuel, 10X rewards on groceries, dining, movies and department stores, plus a ₹1,499 fee that can be waived at ₹2 lakh annual spend. It is strongest for loyal BPCL customers, not general rewards seekers.The card works best when fuel is a major monthly expense and most of that spending happens at BPCL pumps. You earn 25 reward points per ₹100 on BPCL fuel spends, capped at 2,500 points per statement cycle, along with a fuel surcharge waiver on eligible transactions. Beyond fuel, it gives 10X rewards on groceries, dining, movies and department stores, with a monthly accelerated-reward cap of 7,500 points. There is also a 6,000-point welcome benefit on fee payment and domestic lounge access remains available under SBI Card’s revised lounge program. The main limitation is obvious: outside BPCL, its edge narrows quickly.
Pros
- Offers up to 7.25% value back on BPCL fuel spends, including 25 Reward Points per ₹100 plus a 1% fuel surcharge waiver.
- Gives 10X rewards on categories like dining, movies, groceries and department stores, so it is not only a fuel card.
- Comes with 6,000 bonus Reward Points as a welcome gift, which softens the first-year fee.
- Includes domestic airport lounge access, which is a nice extra for a card mainly positioned around fuel savings.
Cons
- The annual fee is ₹1,499, so this can feel expensive if you are not regularly spending on BPCL fuel.
- The best fuel rewards are capped, with a limit of 2,500 Reward Points per statement cycle on BPCL fuel spends.
- The fuel surcharge waiver is restricted to BPCL fuel transactions up to ₹4,000 and a maximum of ₹100 per month.
- The annual fee waiver needs ₹2 lakh in yearly spends, which is a meaningful threshold for a fuel-focused card.
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| BPCL Fuel & Lubricants | 25 Reward Points (RP) per ₹100 | 7.25% | 2,500 RP per billing cycle |
| Bharat Gas (App/Web only) | 25 RP per ₹100 | 6.25% | 500 RP per billing cycle |
| Dining, Grocery & Movies | 10 RP per ₹100 | 2.50% | 7,500 RP per month |
| Other Retail Spends | 1 RP per ₹100 | 0.25% | No Upper Cap |
| Excluded Categories | No Points Earned | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹2 Lakh | Fee Waiver0 pts | ₹1,499 + GST Savings | Annual fee for the following year is waived upon hitting this target. |
| ₹3 Lakh | Gift Voucher0 pts | ₹2,000 E-Voucher | Choice of Yatra, Aditya Birla Fashion, or Bata/Hush Puppies vouchers. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Insta-Redeem (BPCL Pumps) | ₹0.25 per point4:1 Ratio | Best Value (No redemption fee at participating bunks) |
| Statement Credit (Cash) | ₹0.25 per point4:1 Ratio | Flexible (Multiples of 4,000 points only) |
| Vouchers / Gift Catalog | ₹0.25 per point4:1 Ratio | Avoid (₹99 + GST redemption fee applies) |
What You Need to Know
New 4k Redemption Block
Effective April 1, 2026, statement credit is only possible in multiples of 4,000 RP.
Impact: Forces users to 'hoard' points until they reach ₹1,000 blocks for cashback.
Surcharge Waiver Cap
1% waiver valid on transactions up to ₹4,000 only (Max ₹100/mo).
Impact: Transactions above ₹4k or monthly spend above ₹10k will incur a net cost.
Statement Credit Limit
Total cash redemption is now capped at 60,000 RP (₹15,000) per month.
Impact: Prevents large point dumps; high spenders must space out redemptions.
BPCL PIN-Labs Requirement
Insta-redeem only works at BPCL pumps with specialized PIN-Labs POS machines.
Impact: User must verify station compatibility before attempting to pay via points.
Essential Fine Print
Reward Exclusions
Non-Reward Transactions: Reward points are not accrued on Rent payments, Wallet loads, Cash Advances, Balance Transfers, Encash, and Flexipay.
Welcome Offer
Welcome Reward Points
6,000 Reward Points (worth ₹1,500) credited upon payment of the joining fee.
Lounge Access
Domestic Lounge Access
4 complimentary visits to domestic Visa lounges per year, limited to 1 visit per quarter.
Dining Benefits
Dining Rewards
10 Reward Points for every ₹100 spent at dining outlets.
Milestone Benefits
Spend Milestone
E-Gift Voucher worth ₹2,000 from brands like Aditya Birla Fashion, Yatra, or Bata on annual spends of ₹3,00,000.
Renewal Fee Waiver
Annual fee reversal on reaching ₹2,00,000 in annual spends.
Additional Features
Insurance Cover
Complimentary Personal Accidental Death Cover (Air/Non-Air) of ₹10 Lakhs and Fraud Liability Cover of ₹1 Lakh.
Accelerated Rewards
10 Reward Points on every ₹100 spent on Dining, Groceries, Departmental stores, and Movies (up to 7,500 points per cycle).
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹1,499 |
| Annual / Renewal Fee | ₹1,499 |
| Fee Waiver Threshold | Spend ₹2,00,000 annually |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Primary cardholder must be between 21 and 70 years of age.
Income
Must have a steady, verifiable income.
Ready to apply for BPCL Octane?
Annual fee: ₹1,499 · Waived on ₹2,00,000 spend
Annual fee
₹1,499
0.25% – 7.25% yield